IP Qualifications Profiles January 2011 - Canada

Practitioners undertake various statutory, court, or private appointments pursuant to Federal or Provincial legislation. Bankruptcy and Insolvency Act (BIA) • Trustee in Bankruptcy – to administer the realization of the debtor’s assets for the benefit of creditors; • Trustee under a Proposal of a plan of compromise to creditors – to monitor the business and financial affairs of the debtor, advise and participate in the preparation of the proposal, and report to the Court and the creditors; • Interim Receiver – to take control of company’s assets for protection following the filing of an application for a bankruptcy order to adjudge a debtor bankrupt, filing of a proposal to creditors by the debtor, or filing of a notice of intention to enforce security by a secured creditor.
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